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Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Prerequisites:
Knowledge about Business Economics
Objectives
Contents Issues relating to Project Financing will be addressed by considering, first of all, the complexity that distinguishes this tool, both with reference to the relational dynamics between the involved parties, and with reference to the reasons that lead to choose Project Financing for the realization of Public Works. In particular, the course will cover the analysis of the procedures underlying Project Financing to fully understand the operating mechanisms; the development of Project Financing practices at national and international level will be treated with the aim of comparing different experiences in different legislative contexts; the phases leading to the realization of the project will be identified, with particular attention to the analysis of the various risks that, at each stage, could compromise the success of the entire project.
The course will also address topics concerning the social and sustainability aspects of Project Financing, considering, in particular, convenience and social impact of the projects through this tool carried out.
Extended Syllabus The course will address the following topics:
Project Financing phases and procedures;
regulatory aspects and dissemination of Project Financing in Italy and abroad;
relational dynamics of the subjects involved;
the risks in the various phases of the Project Financing
Social and sustainability impact of projects. Social Impact Project Finance (SIPF) and Public Sector Comparator (PSC).
Recommended Bibliography S. Gatti, Project Finance in Theory and Practice, Academic Press, Third Edition, 2018.
Recommended reading about per social impact and sustainability and risk profile of PF:
Lu, Z., Peña-Mora, F., Wang, X. R., Shen, C. Q., & Riaz, Z. (2015). Social impact project finance: An innovative and sustainable infrastructure financing framework. Procedia Engineering, 123, 300-307.
Cruz, C. O., & Marques, R. C. (2012). Using probabilistic methods to estimate the public sector comparator. Computer‐Aided Civil and Infrastructure Engineering, 27(10), 782-800.
Muriana, C., & Vizzini, G. (2017). Project risk management: A deterministic quantitative technique for assessment and mitigation. International Journal of Project Management, 35(3), 320-340.
Methods of Provision
Teaching Methods Mixed modality: frontal and online lessons carried out with slides support. Analysis of case studies.
Evaluation methods Verification of learning:
The student evaluation includes:
an ongoing written test to verify the learning of the course contents;
a final oral exam in which a topic agreed with each student will be discussed to choose from among the topics addressed during the course.
Contacts/More Information Communications regarding the reference texts, supplementary teaching materials and methods of conducting the exam will be provided by the teacher at the beginning of the course.